Yep, that was a punt.

Perhaps they realized that the situation is too fluid and uncertain to come out with a definitive plan that brings us to the post-Economic Crisis promised land. And they may be right in that regard. But I can't help thinking that this is in some level a punt. Maybe they couldn't actually come to an agreement on what to do. So they came forward with this.

I'll be curious what others make of it.

Late Update: In some ways, I think the stalemate interpretation is the most optimistic one, since it suggests that coming up with a sensible plan is still a future option.